Bidding , Project Management

Bidding is a process in which you  quote money in exchange of goods or services through an auction. They are two types of auctions: open auction and silent auction. In an open auction, interested parties compete for acquisitions by offering a higher bid than the offer that is currently on the table and higher than the competitive bidders. In silent auction, there is no quote on table; the quoted bid is the maximum price that the bidder is willing to pay for the goods or services.  

The most widely used methods of bidding are as follows: 

  •   International/Global Competitive Bidding (ICB). 
  •   Limited International Competitive Bidding (LIB). 
  •   National Competitive Bidding (NCB).  
Posted Date: 9/27/2012 8:18:45 AM | Location : United States







Related Discussions:- Bidding , Assignment Help, Ask Question on Bidding , Get Answer, Expert's Help, Bidding Discussions

Write discussion on Bidding
Your posts are moderated
Related Questions
Question 1 For an event manager, organizing an AGM would be a relatively 'dry' affair as the elements of entertainment, decoration and catering are missing in this event (some

how we launch a new school? which steps should keep in mind? whats srategies and policies can apply? what is the history of ne school? i need urgent answer

What is the conclusion about liberalization? As a conclusion, we can say only that liberalization is superior and desirable but which does not strengthen the case for privatiza

What do you mean by the term dependency? How can project dependencies be shown for planning reasons? Dependency arises when, for illustration, task or deliverable 'A' should be

Explain about the term cost/benefit analyses. Cost/benefit analyse: Cost/benefit analysis is the procedure of knowing, and as far as probable quantifying, the costs of res

How are carrying costs varied with quantity order? Carrying Costs, that vary along with quantity ordered, contained as a. There Interest on capital investment b. There Co

Non-political, not-for-profit, cause-orientated organisations drawn from more than one country are known as  Non-governmental organisations (NGOs).


How is Inventory control worked for an optimum balance between competing objectives? Inventory control is related with achieving an optimum balance in between two competing obj

Objectives of ISO 9000 The basic objectives of ISO 9000are : 1. To facilitate international trade of goods and services. 2. To obtain competitiveness by obtaining